Carl Icahn charged with hiding billions in loans backed by company stock
by Callum Jones in New York from US news | The Guardian on (#6Q311)
Billionaire investor and his firm IEP settle with SEC for $2m after being charged with failing to disclose stock pledges
Carl Icahn, the billionaire investment tycoon, and his firm Icahn Enterprises LP (IEP) have been charged by US regulators with failing to disclose billions of dollars worth of personal loans.
The Securities and Exchange Commission (SEC) said IEP and Icahn, who serves as chairman, agreed to pay $1.5m and $500,000 in civil penalties, respectively, to settle the charges.
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